The low fat and fat free yogurt segment is expected to expand at a significant CAGR over the forecast period

Low fat and fat free yogurt contains a low amount of fat as compared to traditional yogurt, which is manufactured from whole milk. The low fat and fat free and regular/plain yogurt segments are expected to witness similar Y-o-Y growth during the forecast period. However, the low fat and fat free yogurt segment is expected to witness significant growth post 2020 owing to rising health consciousness among consumers supporting its demand. The low fat and fat free yogurt segment is expected to gain more than 25 BPS between 2016 and 2026, due to rising awareness among people regarding the health benefits of low fat and fat free yogurt. The segment is expected to reach the highest CAGR of 10.2% during the projected period. In 2017, the low fat and fat free yogurt segment in the global yogurt market is expected to reach a market valuation in excess of US$ 14 Bn and is anticipated to be valued more than US$ 36 Bn by the end of 2026.

Awareness of healthy lifestyle is likely to drive the growth of the low fat and fat free yogurt segment

Studies suggest that low fat and fat free yogurt boosts the immune system, improves metabolism, provides vital nutrients for the body such as protein, vitamin, calcium, etc., and helps in smooth functioning of the digestive system. Various research publications and strategically sponsored advertisements by prominent market players and institutions have immensely influenced the public to include low fat and fat free yogurt in their daily diet, which is driving the growth of the segment. People all over the world are becoming more heath conscious and choosing a healthy diet to maintain a healthy lifestyle. Low fat and fat free yogurt, being a source of nutrients required for maintaining good health and several other benefits associated with it, is becoming the preferred food of many, irrespective of age, gender and region. This particular factor is propelling the growth of the low fat and fat free yogurt segment.

Over the years, the consumption of yogurt has gone from strength to strength at different meal occasions — from breakfast to lunch and supper to dinner, becoming the favourite among consumers of all age groups. The availability of yogurt in different product forms (low fat and fat free, plain, flavoured, with toppings, etc.) has helped the product to become a universal dairy product. As yogurt is easy to swallow, it is considered as a key protein source for young children and elderly persons. The emergence of low fat and fat free yogurt as a food product, consumption of which is not limited to particular meal time or consumers, is expected to drive its demand over the coming years.

Low fat and fat free yogurt segment in the North America yogurt market is inclined towards high growth-low value during the forecast period

The low fat and fat free yogurt segment in the North America yogurt market is projected to gain more than 120 BPS over the forecast period. The low fat and fat free segment is inclined towards high growth-low value and it is expected to follow the same trend over the forecast period. Easy availability of ingredients and innovation and new product development are the key factors driving the growth of the yogurt market in North America. In Western Europe, the low fat and fat free yogurt segment is currently inclined towards moderate growth-low value; however, it is expected to incline towards high growth-high value over the forecast period.

Detailed insights and in-depth research are two basic elements of this new publication of Future Market Insights titled “Yogurt Market: Global Industry Analysis and Opportunity Assessment, 2016–2026.” The report covers the overall market approach through which our analysts have observed that Western Europe and APEJ were dominant regional markets in the global yogurt market in 2015 in terms of consumption. However, over the coming years, African countries are expected to emerge the biggest consumption base in the global yogurt market. Our analysts have further noticed that innovations related to taste, ingredients, packaging and new product offerings will remain the key strategy of manufacturers to facilitate their sales growth. While drafting the global yogurt market report, we have identified key player strategies where the importance has been given to studying the market trends and consumer demand patterns to continuously evolve in product offerings and ensure uninterrupted revenue generation. We have targeted key regions while studying the global yogurt market and have observed that Western Europe and APEJ are expected to remain top regional markets in the global yogurt market from the demand side throughout the forecast period. On the other hand significant market potential exists in the growing markets of APEJ (China, India) and the Middle East & Africa.

The report covers the important factors driving the growth of the global yogurt market, untapped opportunities for manufacturers, trends and developments shaping the dynamics of the global yogurt market and other insights across various key segments. The report also identifies the drivers and restraints affecting the growth of the global yogurt market. Changing trends are also analysed and incorporated in the report to equip clients with exhaustive information about the market resulting in better decision making. Macroeconomic factors that directly and indirectly affect the growth of the global yogurt market are also incorporated in the report.

Global Yogurt Market: Segmentation

To understand and assess opportunities in the global yogurt market, we have divided the report into five sections based on market segmentation as under:

By Form

By Type

By Distribution Channel

By Region

Set Yogurt

Strained/Greek Yogurt

Drinking

Frozen

Fruit Yogurt

Regular/Plain Yogurt

Low Fat & Fat Free Yogurt

Flavoured Yogurt

Hyper/Super Market

Retail Stores

Convenience Stores

Online Stores

North America

Latin America

Western Europe

Eastern Europe

Asia Pacific Excluding Japan (APEJ)

Middle East & Africa (MEA)

Japan

We have closely studied per capita consumption data while drafting the global yogurt market report

The global yogurt market report highlights country-wise yogurt demand. It provides a market outlook for 2016–2026 and sets the forecast within the context of the global yogurt market, including new technological developments as well as product offerings for niche applications in the global yogurt market. While inspecting this market, price data is gathered at the wholesaler level and obtained from various sources including trade websites, exim data and retailers during primary and secondary research. Further, price data has been benchmarked for regional level, and responses regarding price value across regions have been evaluated against the benchmarked value. Average pricing data in each region is taken into consideration to arrive at market values. Decline or increase in prices over the forecast period is based on historic market trends; any decline or increase in prices over the forecast period is kept linear across regions. We have assumed a general market scenario for product demand and driving factors have been assumed to develop market forecast by running a regression analysis. Our expert team of analysts have tracked the global yogurt market at a regional and country level; the market numbers are derived using the top-down and bottom-up approaches (studying each individual segment and sub-segment) as and when required. Moreover, per capita consumption data is closely studied and referred to ascertain market size at both the regional and country level. We have concluded the report with a competitive landscape to provide report audiences with a dashboard view. The report provides detailed market share analysis of key manufacturers operating in the global yogurt market. Detailed profiles of manufacturers are also included within the scope of the report to evaluate their business strategies, key offerings and recent developments in the global yogurt market.

Our proven and tested research methodology

Market volume is inferred through in-depth secondary research and validated from industry experts through primary interviews. Each interview is thoroughly analysed and average market volume is deduced and reconfirmed prior to incorporating in the report. The price of yogurt is deduced on the basis of type where the average price of each yogurt type is inferred across all the assessed regions. The market value of the global yogurt market is thus calculated from the data inferred from the average selling price and market volume. The market value for all segments is taken in US$ Bn and the market volume is identified in kilotonnes. For the 10-year forecast of the global yogurt market, various macroeconomic factors and changing trends have been observed, giving an idea about the future of the market. Other important factors considered to arrive at market forecast include the size of the current market, inputs from the demand side and the supply side and other dynamics shaping the scenario of the global yogurt market. In the compilation of the report, the forecast is conducted in terms of CAGR, while other important criteria such as year-on-year growth and absolute dollar opportunity have also been incorporated, presenting the client with useful growth insights and future opportunities likely to emerge in the global yogurt market.